Nifty Analysis for 15 June

By | June 14, 2021
  • FII sold 8.3 K contract of Index Future worth 944 cores, Net OI has increased by 827  contract 17.9 K Long contract were covered by FII and 6.4 K Shorts were added by FII. Net FII Long Short ratio at 2.9  so FII used rise to exit longs and enter shorts so longs were booked and small shorts entered in the system
  • As Discussed in Last Analysis Bulls got entry at 15699 and now wating for target of 15763/15854/15950 till we are able to hold 15699. As we have Mars going to Leo Zodiac which generally leads to Bearish move, but price need to confirm the Bias so once Bears  below 15670 we can see a quick move towards 15610/15571/15512. We saw a swift fall in nifty and today being an important astro date as discussed in below video we can see a top or bottom formation based on the break of today high and low. Bulls will get active above 15825 for a move towards 15887/15943/16001. Bears will get active below 15777 for a move towards 15729/15666/15610/15555.
  • Total Future & Option trading volume at 34.2 Lakh core with total contract traded 0.91 lakh , PCR @0.86
  • Nifty June Future Open Interest Volume is at 1.16 Cores with liquidation of 1.96 Lakh with increase in cost of carry suggesting LONG position were closed today, NF Rollover cost @15296 closed above it. 
  • 15800 CE is having Highest OI at 22 Lakh, resistance at 15800 followed by 15900. 15700-15900 CE added 24 Lakh in OI so bears added in range of 15700-15800. FII bought 33.9 K CE and 16 K CE were shorted by them. Retailers bought 128 K CE and 143 K CE were shorted by them.
  • 15600 PE OI@22 Lakhs having the highest OI strong support at 15600 followed by 15500. 15500-15600 PE added 22  Lakh in OI so bulls addded position in range 15500-15600. FII bought 34.6 K PE and 11.2 K PE were shorted by them. Retailers bought 98.5 K PE and 108 K PE were shorted by them.
  • FII’s sold 503 cores and DII’s bought 544  cores in cash segment.INR closed at 73.25

Buy Above 15824  Tgt 15855,15887 and 15920(Nifty Spot Levels)

Sell Below 15777 Tgt 15747, 15729 and 15700(Nifty Spot Levels)

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